Perry sends Obama letter criticizing energy policy

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  • GaryO Virginia Beach, VA
    May 19, 2014 10:47 p.m.

    "Perry sends Obama letter criticizing energy policy"

    There are three things wrong with that, but I can't remember the first three. Anybody?

    But I do know that the production of domestic oil and gas has increased significantly during Obama's time in office after having decreased precipitously overall during GW's eight years in office, giving the lie to Right Wing prognosticators who predicted just the opposite.

    And Brio -

    National demand steadily decreased starting with GW's Great Recession in 2008 throughout 2012, so I don't know how you can conclude that Obama's policies are "keeping national supplies from growing as quickly as national demand."

  • Brio Alpine, UT
    May 19, 2014 10:35 a.m.

    The energy market isn't exempt from the economic principles based on the supply and demand curve. The Obama's administration current energy policies are keeping national supplies from growing as quickly as national demand.

    Consequently, energy prices, starting with oil and gasoline prices, have risen a double digit percentage over the past few months. That is a huge deterrent to the economy rebounding. It inhibits both production and personal spending, which in turn is a double whammy to economic growth. It's not rocket science.

    The Keystone Pipeline being held back is all about politics. It's Obama's payback to the environmentalists for supporting his campaign. If a person spends some time analyzing the proposal and learns that the oil from the Canadian tar pits will go elsewhere (probably China) if the USA doesn't take it, it then becomes obvious to any objective person that it's in the US interest on several levels to proceed with the pipeline.

    It's a no-brainer considering the oil will be processed and used one way or the other... by us or a competing country. It's obviously much better to benefit our own economy rather than China's.